Oil steadies after sharp fall, focus on China growth – Reuters

Oil steadies after sharp fall, focus on China growth – Reuters

April 26 - Oil prices bounced on Tuesday, steadying after a sharp fall of 4% in the previous session as worries over China's fuel demand were soothed by the central bank's pledge to support an economy hit by renewed COVID-19 curbs.

Brent crude futures were at $103.50, up $1.18, or 1.15%, and U.S. West Texas Intermediate contracts climbed to $99.41, up 87 cents, or 0.88% at 0448 GMT.

Both contracts had settled down around 4% on Monday, with Brent falling as much as $7 a barrel in the session and WTI dipping roughly $6 a barrel. read more